REPL Receives SEBI Approval for ImpactR SM REIT
Rudrabhishek Enterprises Ltd (REPL) has secured registration for Small and Medium Real Estate Investment Trusts (SM REITs) from SEBI. Named ImpactR SM REIT, it will soon launch its first IPO. REPL aims to diversify its asset offerings, providing transparent investment opportunities. SEBI's regulations streamline Fractional Ownership Platforms.
- Country:
- India
Rudrabhishek Enterprises Ltd (REPL), a consultancy firm for integrated urban development and infrastructure, has received the green light from SEBI for Small and Medium Real Estate Investment Trusts (SM REITs).
The new registration, dubbed ImpactR SM REIT, marks only the second such approval in India under the latest regulations.
CMD of REPL, Pradeep Misra, announced plans for launching their first IPO under ImpactR SM REIT while expanding into diverse asset classes beyond traditional real estate.
SEBI's guidelines, which came into effect on March 8, 2024, aim to streamline Fractional Ownership Platforms (FOPs) and democratize real estate investments.
REPL will act as the investment manager for ImpactR SM REIT, bringing structured and transparent investment opportunities to a wider audience.
Misra emphasized the transformative potential of this step, leveraging REPL's extensive experience in urban infrastructure and government flagship programs like smart cities and PMAY.
(With inputs from agencies.)
ALSO READ
Schloss Bangalore Ltd Plans Historic Rs 5,000 Crore IPO for Leela Palaces Hotels & Resorts
Manba Finance IPO Sees Overwhelming Response on Day One
Casagrand Premier Builder Files for Rs 1,100 Crore IPO with Sebi
Waaree Energies and MobiKwik Get Sebi Approval for IPOs
NTPC Green Energy Set to Launch $10,000 Crore IPO in Early November